The Federated States of Micronesia has submitted a proposed economic assistance package to the United States.
This was a key part of the meetings FSM president David Panuelo was having in Washington D.C.
The FSM’s Proposed Package of Compact of Free Association Provisions, Extensions and Amendments will be formally submitted on April 21.
Mr Panuelo met with Special Presidential Envoy for Compact Negotiations Joseph Yun, National Security Advisor to U.S. President, Jake Sullivan.
“It is my sincerely held belief as President of the FSM that the package we are submitting addresses the short, medium, and long-term needs of our nation,” Mr Panuelo said in a statement.
He said he had met Marshall Islanders who had fled to the US because of low income.
The proposed economic assistance will look to fund FSM’s infrastructure needs and focus on sectors like education and health.
“The proposed package includes an additional yet also critically essential pillar on the Environmental Sector, as we are collectively and keenly aware that Climate Change represents the FSM’s most significant and existential security risk,” Mr Panuelo said.
“The proposed Environment Sector would play a key role in our Nation’s adaptation and mitigation efforts which, given our World’s lack of progress on tackling Climate Change, is ultimately going to make the difference on whether or not islands like Kapingamarangi Atoll and the Mortlocks literally exist 50 years from today.”
Mr Panuelo indicated that the proposed package was met with welcome hands and believed assurance given by Mr Yun.
“I believe Ambassador Yun when he says he wants the FSM to be genuinely happy with the outcomes of our negotiations,” he said.